TVSS Chapter 76

He invested the entire Yan family’s working capital and took a strong stance to suspend and delay many other projects in the group. By moving the funds around, it could be considered a desperate and decisive move.

Currently, the prepared funds are frozen. If the final funding is not gathered, Project H cannot start as planned, resulting in the loss of billions of funds.

Simultaneously, other projects in the group are unable to proceed due to a lack of follow-up funding. Without completion, there will be no explanation to partners. The earlier investments will be in vain, and significant fines will be faced in the later stages.

At that time, the Yan family will face the outcome of liquidation and bankruptcy.

Currently, there is still a shortfall of several tens of billions. Even if Yan Guorun mortgages his house and car and invests everything, it wouldn’t be enough. The foreign boss who was supposed to contribute backed out, essentially putting Yan Guorun’s life at risk.

At this critical moment, Yan Junfeng is the first to step forward and leave.

He already had little authority in the company, and the small companies under his name were unrelated to the Yan family. The current crisis at Yan’s has no impact on him; he leaves very easily.

As for other shareholders, they were already dissatisfied with Yan Guorun’s rise to power. Now, with Yan Guorun creating such a mess, the future of Project H is uncertain, and no one is willing to risk their assets.

At least without Yan’s, they still have a foundation. If they invest everything and lose, they’ll be ruined. Winning would only mean helping Yan Guorun. It’s better for Yan’s to go down.

Yan’s rival companies take advantage of the situation, striking at the vulnerable moment. In just a few days, the media and stockholders are buzzing with news about Yan’s. The stock prices of Yan’s keep plummeting.

Even Su Jingxuan’s competitors in the design competition hear the news from the staff. Fortunately, Yan Junfeng was well-prepared, and the design competition proceeds as usual.

At this time, Yan Guorun suddenly discovers that someone is slowly acquiring Yan’s stocks.

Even the high-level executives of Yan’s can’t keep steady. They are selling stocks before Yan’s goes bankrupt, but there are people outside actively buying. It seems either crazy or conspiratorial.

Yan Guorun is not foolish. After some conspiracy theories, he immediately hires a private detective to investigate. Soon, he finds out that the person behind the acquisition is none other than his trusted aide, Wang Rengui.

The one who betrays him is from within.

“Wang Rengui, the group’s stocks are plunging, everyone is selling, and yet you’re buying so many shares. You dare to betray me, you ungrateful scoundrel!”

In his office, Yan Guorun angrily throws the gathered information on the table, clenching his teeth in anger. He is shaking with fury, feeling helpless. Truly, it’s hard to guard against a thief in one’s own home.

“Yan Guorun, don’t portray yourself as so noble. When it comes to betrayal, who can match up to Yan Erzong, who even dared to go after his own elder brother? But considering the benefits you’ve given me before, I’ll give you a reminder: the one who really wants to deal with you is Yan Junfeng. I’m just sipping soup with him.”

Wang Rengui doesn’t deny it, straightens his clothes, and smiles.

“Yan Junfeng?” Yan Guorun’s face changes, shaking his head in disbelief. “Impossible, that little brat with no experience.”

“It’s not just your nephew. There’s also the sickly follower in the big Yan family; that little thing is very loyal to the Yan family. Indeed, the rising waves from the Yangtze River push the waves in front. Yan Erzong, dying on the beach, is not unjust.”

Wang Rengui gloats and continues to provoke Yan Guorun.

To be honest, if Yan Guorun had treated him a bit better, he wouldn’t have done such a treacherous thing. After all, they had cooperated for many years. However, knowing too many secrets of Yan Guorun made him cautious, and once he gained power, he thought about getting rid of those who knew too much for his own sake.

“Get out! Just get out!” Yan Guorun, uncontrollably angry, can’t accept the inevitable.

Scolded by him, Wang Rengui is not angry. He leaves the office cheerfully, leaving Yan Guorun alone, trembling with anger.

Later, when he returns home, Wang Rengui doesn’t even drink water. Immediately, he opens his computer and invests all his remaining funds in purchasing Yan’s stocks.

Since Yan Guorun has already found out, it means that Yan Guorun and Yan Junfeng will officially confront each other. He must try to acquire more shares when Yan’s stock price plummets. When the storm subsides in the future, he can reap more benefits.

The situation has come to this point. Although Yan Guorun is furious, he is helpless. He can’t find tens of billions of funds to save Project H in such a short time. He can only watch the company’s stock plummet, becoming a powerless commander and feeling like he’s going to spit blood.

He put in so much effort to deal with those old foxes in the group, finally securing the position of the chairman of the board. In the end, it’s all in vain, benefiting Yan Junfeng for nothing.

The news of Yan’s imminent bankruptcy continues to be sensational in the news. The stock prices are falling rapidly. The small shareholders among Yan’s high-level executives sigh, reluctant but decide to sell all their shares.

In the current situation, even a fool knows that Yan’s is about to be finished. The stock price falls below the historical low, and it’s about to hit the limit. Wang Rengui is eager to continue acquiring, but he doesn’t have enough funds. He can only watch and wait for Yan Junfeng to take over Yan’s and wait for the moment when the stock prices recover.

Yan Guorun has no way out. Unable to find rescue, he can only reluctantly admit defeat for now, holding onto the shares tightly, waiting for Yan Junfeng to take over. In the future, he will slowly plot to get rid of these people. As long as he is still on the board, he is not worried about the chance to turn the tables.

But even when everyone is waiting for Yan’s stocks to hit the limit and face liquidation and bankruptcy, Yan Junfeng remains silent. At this point, Wang Rengui finally feels that something is wrong.

“Young Master, Yan’s is about to undergo liquidation and bankruptcy. Why haven’t you taken action yet? If you wait any longer, Yan’s will be truly finished.”

Wang Rengui finally can’t hold back and contacts Yan Junfeng. He’s almost desperate.

Once Yan’s goes bankrupt, his shares will be nothing more than a pile of waste paper. This includes all of his property, as well as the loans he took from the bank. It’s not acceptable; Yan’s cannot go bankrupt.

“What intervention? Manager Wang, what are you talking about? Why can’t I understand?” A calm and questioning voice came from the phone.

“You, you…” Wang Rengui widened his eyes, trembling and stuttering with the phone in his hand. He was backtracking.

“Manager Wang, greed leads to self-destruction.”

Yan Junfeng didn’t waste time on him; he simply hung up the phone.

His ultimate goal is not to reclaim Yan’s but to rebuild it. The original Yan’s has been made murky and chaotic by Yan Guorun and a group of parasites. To tidy up this mess, it’s necessary to completely destroy it before rebuilding.

After half a month of excitement, the highly anticipated Yan’s Group finally announced bankruptcy. The news received widespread attention, and everyone sighed.

Due to Wang Rengui’s excessive greed, he invested all his savings and borrowed a significant amount of money to buy Yan’s stocks. Now that Yan’s is gone, his shares have turned into worthless pieces of paper.

Moreover, he is burdened with a substantial amount of external debt. His mistress has naturally left, and his wife, discovering his affairs, divorced him, taking their son and all the money from the family to flee the country to avoid debt. He is left alone, chased by creditors who call for blood.

As for Yan Guorun, because he had risked everything by investing all the group’s funds into Project H, not only did he mobilize funds from other projects, but he also took a considerable amount of loans from the bank. After bankruptcy, Yan’s still owed nearly a billion in debt, and as the legal representative of the group, he naturally had to take responsibility.

However, ten billion is not much for these people. But Yan Guorun, being a playboy like Wang Rengui, had divorced his original wife long ago and kept several mistresses. This situation prompted these people to make plans to secretly transfer his assets into their own pockets. When Yan’s bankruptcy was announced, everyone fled in the face of disaster, leaving his house completely empty, not even leaving a hair behind for him.

One person, for some unknown reason, even left him a paternity test report, proving that he and his supposed son are not biologically related.

Unable to repay his debts, his elaborate schemes over the years collapsed in an instant. Facing an empty house and seeing the gifts left by his mistresses, he couldn’t hold back his anger and frustration. He ended up dying from anger and vomiting blood, and his body was only discovered when it started to decompose.

As for Yan Junfeng, he had already swiftly acquired Yan’s industries at the time of Yan’s bankruptcy announcement. When he was reborn, he had used his foresight to gather enough funds.

In any case, Yan’s was founded by his father’s own hands, representing not just money but his father’s hard work. He didn’t dare to tell Yan Guoan about these things. During this period, the news was concealed with the help of Yang Cailian. He would confess to Yan Guoan only when everything settled down. After all, it’s impossible to keep such things hidden from his father forever.

Faced with his younger brother’s actions against the company he had worked so hard to build, Yan Guoan aged ten years in one night.

Fortunately, he still had his wife and son by his side. Su Jingxuan also called him immediately. Yan Guoan’s emotions remained relatively stable.

The highly publicized Yan’s bankruptcy event came to an end. Outsiders were in an uproar, and professionals greatly admired Yan Junfeng’s bold move. Who else would dare to revitalize a company by completely changing its management? They couldn’t help but lament.

As for the jewelry design competition associated with Yan’s, the number of spectators increased several times due to the Yan’s turmoil, not only domestically but also internationally because of the renowned designer Master Franck serving as the main judge.

The competition had entered its final stage with the on-site presentation of the final works.

Fans and spectators were very excited, eagerly anticipating the appearance of the final works. To accommodate the viewers, the program team had coordinated with the television station to secure the best prime-time broadcast slot.